| Element List | Explanation |
|---|
| Introduction | The Board of Directors of Tabuk Agricultural Development Company are pleased to invite the shareholders to participate and vote in the Ordinary General Assembly Meeting (the first meeting) which will be held at 6:30 PM on Wednesday 22/03/1446H Corresponding to 25/09/2024 through means of modern technology. |
| City and Location of the General Assembly's Meeting | By means of modern technology |
At the Project of Tabuk Agri. Dev. Co.
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2024-09-25 Corresponding to 1446-03-22 |
| Time of the General Assembly’s Meeting | 18:30 |
| Methodology of Convening the General Assembly’s Meeting | Attendance in-person and via modern technology means |
| Attendance Eligibility, Registration Eligibility, and Voting End | Shareholders who are registered in the issuers shareholders record at the Depositary Center by the end of the trade session prior to the general assembly meeting and in accordance with the laws and regulations. The right to register a name to attend the general assembly meeting ends at the time of convening the general assembly meeting. The attendees right to vote on the items of the assembly’s agenda ends upon the end of screening the votes by the Screening Committee. |
| Quorum for Convening the General Assembly's Meeting | In order for the meeting of this assembly to be valid, the presence of shareholders representing at least a quarter of the company’s capital is required. If the necessary quorum for holding this meeting is not met, the second meeting will be held one hour after the end of the period specified for holding the first meeting, and the second meeting will be valid regardless of the number of shares represented in it, based on the text Article (31) of the company’s bylaws. |
| General Assembly Meeting Agenda | 1- Voting on the Board of Directors’ recommendation to exit from the investment in the Masader Agricultural Feed Mill LTD Company by selling all the shares owned by Tabuk Agricultural Development Company in Masader Agricultural Feed Mill LTD Company, which represent 60% of the total shares of the company, to the partner Ahmed Hussein Al-Omari for an amount of Seven Million Saudi Riyals, including the factory affiliated with Ahmed Hussein Al-Omari institution, in which the company also owns 60%, as the exit will lead to stop the ongoing losses, which averaged Four Million Saudi Riyals annually, and generating cash liquidity for the company in an amount of Seven Million Saudi Riyals for Tabuk Agricultural development company, as well as realizing net profit from the exit in an amount of 9.6 Million Riyals which will be recorded directly in the profit or loss statement. |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | The Shareholders have the right to discuss the topics on the agenda and ask questions. Shareholders can remotely vote on the Extraordinary General Assembly Meeting’s agenda via (E-voting service), through Tadawulaty using the following link: WWW.TADAWULATY.COM.SA |
| Details of the electronic voting on the Assembly’s agenda | Shareholders registered on the Tadawulaty Services website will be able to vote electronically remotely on the General Assembly’s Meeting Agenda through the (Electronic Voting) service, which will start from Saturday morning (01:00 AM) dated 18/03/1446H Corresponding to 21/09/2024, and ends at the closure of the General Assembly Meeting. Registration and voting shall be available free of charge in Tadawulaty services for all shareholders by using the following link: https://www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | In the event of an inquiry about the association’s terms, we hope to contact the Shareholder Relations Department, phone number 0144500000, ext. 103, or email: magdy.abdellatef@tadco-agri.com |
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